3 hours agoPosition “alarmate” in football, UEFA projects $13 billion loss for clubs
Periskopi(5 years ago)
(5 years ago)A report by European football director body U EFA said the teams are expected to suffer losses of more than 8 billion euros (A12.61 billion dollars) due to the impact of the COVID-19 pandemic. The report found that 4 billion euros were lost in revenues, 2.7 billion euros in sponsorship and 1.4 billion euros in it [...]
The report found that 4 billion euros were lost in revenues, 2.7 billion euros in sponsorship and 1.4 billion euros in transmission revenues.
The losses led to a decline in club spending in the Merkato deadline.
The 2020 Mercedes deadline saw a 39 per cent drop from 2019, Periscopi broadcast.
English clubs accounted for 43 per cent of global transfers, with Premier League being the biggest spender in the 2020-21 campaign with more than 1.8 billion euros.
U n The EFA said reforms in <x0hir-playin<x1 financial> were necessary, and that transfer tariffs and salaries “should be lowered to acceptable” levels.
The report also criticised the European Superleague, saying a closed race would have “devastating effects on European football from a sport, emotional and financial perspective”.
The breakaway league created by 12 clubs was announced last month, but collapsed after 48 hours after a major reaction by fans, governing bodies and politicians.
Super League had argued it would increase revenues for best clubs in Europe and allow them to distribute more money in the rest of the game.
A breakaway league cannot be the answer to pandemic, the report added.
The recovery of health and financial growth requires a process of financial discipline, careful management and long-term planning.
By respecting the pyramid and the principle of promotion and decline in sports merit, European football will be able to continue to grow. ” /Periscope.
